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427348v5 SJB LN140 -109 LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 13 -06 APPROVING A N EASEMENT AGREEMENT BETWEEN THE LINO LAKES ECO NOMIC DEVELOPMENT AUTHORITY AND LINO LAKES ASSISTED LIVING, LLC BE IT RESOLVED By the Board of Commissioners ("Board") of the Lino Lakes Economic Development Authority ("Authority") as follows: Section 1. Recitals . 1.01. The Authority previously conveyed certain property described as Lot 1, Block 1, The Village No. 5, according to the recorded plat thereof, Anoka County Minneso ta (the “LLAL Parcel”) to Lino Lakes Assisted Living, LLC (“LLAL”). 1.02. Pursuant to 2013 Minnesota Laws, Chapter 73, Section 10 , t he Authority expects to acquire certain tax -forfeited property described as Outlot B, The Village No. 3, according to th e recorded plat thereof, Anoka County Minnesota (the “EDA Parcel ”), which parcel is adjacent to the LLA Parcel . 1.03. To facilitate development of the LLAL Parcel, the Authority has determined to grant to LLAL an easement across a portion of the EDA Parc el for purposes of a driveway that provides access to the LLA Parcel. 1.0 4. The Board has reviewed terms of a proposed Easement Agreement between the Authority and LLAL (the “Easement Agreement”), describing the terms and conditions of the driveway easem ent. Section 2. Authority Approval; Further Proceedings . 2.01. The Easement Agreement is hereby in all respects approved in the form attached hereto as Exhibit A , subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the documents by such officials shall be conclusive evidence of approval. 2.02. The President and Executive Director are hereby authorized to execute, on behalf of the Authorit y, the Easement Agreement, and any documents referenced therein requiring execution by the Authority or otherwise required to effectuate the transactio n described in those documents; provided that the Easement Agreement shall not be executed and delivered to LLAL until the Authority takes title to the EDA Parcel. 2.03. Authority staff and consultants are authorized and directed to take all actions needed to carry out the transactions described in this Resolution.